2024 MLB Cy Young Odds: AL & NL Favorites, Predictions

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Orioles starting pitcher Corbin Burnes (39) throws during the second inning of a baseball game against the Los Angeles Angels, Thursday, March 28, 2024, in Baltimore.
(AP Photo/Julia Nikhinson)
Shane Jackson @Sjacksonmgm Apr 16, 2024, 3:03 PM
  • Baltimore's Corbin Burnes is the AL Cy Young favorite.
  • Phillies' Zack Wheeler is the favorite to win the NL Cy Young.

Starting pitchers might have lost some importance in this new era of baseball, but there is still something special about watching the best pitchers take the mound every handful of days.

In 2023, those pitchers were Gerrit Cole of the New York Yankees and Blake Snell, who is now pitching for the San Francisco Giants after playing for the San Diego Padres last year.

Cole won the American League Cy Young award for his first such honor. Snell became the seventh pitcher to win in both leagues after claiming last year’s National League Cy Young award.

So, who will be the best hurlers in 2024? MLB betting odds can help shed some insight on who might win this year’s Cy Young awards.

AL Cy Young Odds: Favorites

PitcherTeamOdds
Corbin BurnesOrioles+550
Tarik SkubalTigers+600
Cole RagansRoyals+750
Pablo LópezTwins+1000
Grayson RodriguezOrioles+1100
Joe RyanTwins+1500
Luis CastilloMariners+1800
Logan GilbertMariners+2000
George KirbyMariners+2200
Carlos RodónYankees+2200

Cole initially opened as the betting favorite after winning last year’s award, but this race is wide open now that he’s sidelined with an injury.

After Cole’s injury, Corbin Burnes has been installed as the betting favorite. He is the ace Baltimore desperately needs after last year’s 101-win season ended without a playoff victory.

Detroit Tigers left-hander Tarik Skubal, currently the most significant liability in this market, has become the No. 2 favorite following the first few weeks of the season. His odds have gone from +1800 to +600 since the spring.

Picking a long shot in this wide-open race seems like the best option, especially at the rate pitchers get injured. It also allows bettors to add to their portfolio throughout the season.

My favorite bet is Seattle Mariners right-hander George Kirby, who has dropped from +1600 to +2200 after his first few starts of the year. Kirby still has the stuff to be one of the best pitchers in the league, spinning below a 3.40 ERA in each of his first two seasons.

Kirby will start to find a rhythm this season, and his odds will certainly move when he does.

Prediction: George Kirby (+2200)

NL Cy Young Odds: Favorites

PitcherTeamOdds
Zack WheelerPhillies+550
Zac GallenDiamondbacks+550
Freddy PeraltaBrewers+700
Tyler GlasnowDodgers+800
Logan WebbGiants+1000
Yoshinobu YamamotoDodgers+1300
Dylan CeasePadres+1500
Aaron NolaPhillies+2000
Chris SaleBraves+2200
Blake SnellGiants+3000

Spencer Strider started as the clear favorite in this market following last year’s fourth-place finish in NL Cy Young voting. In 32 starts, he recorded 20 wins, 281 strikeouts, and a 3.86 ERA.

But Strider has been taken off the board since sustaining a season-ending injury.

Philadelphia Phillies ace Zack Wheeler is now the betting favorite, with his odds moving from +750 to +550.

Still, this market has featured multiple long-shot winners in recent years.

  • 2020: Trevor Bauer (+2500)
  • 2021: Corbin Burnes (+3500)
  • 2022: Sandy Alcántara (+1600)
  • 2023: Blake Snell (+3500)

Once again, it seems appropriate to search further down the board to make these MLB betting picks.

The Braves need someone to step up after Strider’s injury, and Max Fried offers the most intriguing upside on the staff. His odds have fallen from +2000 to +4000 since the season began, but now might be the time to scoop up his value.

Fried went 8-1 with a 2.55 ERA in 14 starts last year and hasn’t posted higher than a 3.04 ERA since 2019. Assuming he shoulders more responsibility for a depleted staff, Fried is a solid bet at his current price.

Prediction: Max Fried (+4000)

2023 AL Cy Young Voting

RankNameTeamVote Pts1st PlaceShare
1Gerrit ColeNYY21030100%
2Sonny GrayMIN104050%
3Kevin GausmanTOR82039%
4Kyle BradishBAL39019%
5Luis CastilloSEA23011%
6Zach EflinTBR1909%
7Pablo LópezMIN1105%
8George KirbySEA804%
9Framber ValdezHOU603%
10Chris BassittTOR402%
11Félix BautistaBAL301%
12Chris MartinBOS100%

2023 NL Cy Young Voting

RankNameTmVote Pts1st PlaceShare
1Blake SnellSDP2042897%
2Logan WebbSFG86141%
3Zac GallenARI68132%
4Spencer StriderATL64030%
5Justin SteeleCHC31015%
6Zack WheelerPHI28013%
7Kodai SengaNYM1608%
8Corbin BurnesMIL1306%

List of AL & NL Cy Young Winners

YearAL WinnerNL Winner
2023Gerrit ColeBlake Snell
2022Justin VerlanderSandy Alcántara
2021Robbie RayCorbin Burnes
2020Shane BieberTrevor Bauer
2019Justin VerlanderJacob deGrom
2018Blake SnellJacob deGrom
2017Corey KluberMax Scherzer
2016Rick PorcelloMax Scherzer
2015Dallas KeuchelJake Arrieta
2014Corey KluberClayton Kershaw
2013Max ScherzerClayton Kershaw
2012David PriceR. A. Dickey
2011Justin VerlanderClayton Kershaw
2010Félix HernándezRoy Halladay
2009Zack GreinkeTim Lincecum
2008Cliff LeeTim Lincecum
2007CC SabathiaJake Peavy
2006Johan SantanaBrandon Webb
2005Bartolo ColónChris Carpenter
2004Johan SantanaRoger Clemens
2003Roy HalladayÉric Gagné
2002Barry ZitoRandy Johnson
2001Roger ClemensRandy Johnson
2000Pedro MartínezRandy Johnson
1999Pedro MartínezRandy Johnson
1998Roger ClemensTom Glavine
1997Roger ClemensPedro Martínez
1996Pat HentgenJohn Smoltz
1995Randy JohnsonGreg Maddux
1994David ConeGreg Maddux
1993Jack McDowellGreg Maddux
1992Dennis EckersleyGreg Maddux
1991Roger ClemensTom Glavine
1990Bob WelchDoug Drabek
1989Bret SaberhagenMark Davis
1988Frank ViolaOrel Hershiser
1987Roger ClemensSteve Bedrosian
1986Roger ClemensMike Scott
1985Bret SaberhagenDwight Gooden
1984Willie HernándezRick Sutcliffe
1983LaMarr HoytJohn Denny
1982Pete VuckovichSteve Carlton
1981Rollie FingersFernando Valenzuela
1980Steve StoneSteve Carlton
1979Mike FlanaganBruce Sutter
1978Ron GuidryGaylord Perry
1977Sparky LyleSteve Carlton
1976Jim PalmerRandy Jones
1975Jim PalmerTom Seaver
1974Catfish HunterMike Marshall
1973Jim PalmerTom Seaver
1972Gaylord PerrySteve Carlton
1971Vida BlueFerguson Jenkins
1970Jim PerryBob Gibson
1969Mike Cuellar & Denny McLainTom Seaver
1968Denny McLainBob Gibson
1967Jim LonborgMike McCormick
1966Sandy Koufax*Sandy Koufax*
1965Sandy Koufax*Sandy Koufax*
1964Dean Chance*Dean Chance*
1963Sandy Koufax*Sandy Koufax*
1962Don Drysdale*Don Drysdale*
1961Whitey Ford*Whitey Ford*
1960Vern Law*Vern Law*
1959Early Wynn*Early Wynn*
1958Bob TurleyBob Turley
1957Warren Spahn*Warren Spahn*
1956Don Newcombe*Don Newcombe*

*There was only one award for both leagues from 1956-66.

Players With Most Cy Young Awards

Roger Clemens has won the most Cy Young Awards (seven):

Roger Clemens: 7
Randy Johnson: 5
Greg Maddux: 4
Steve Carlton: 4

Teams With Most Cy Young Awards

The Brooklyn/Los Angeles Dodgers have the most Cy Young Awards (12):

Dodgers: 12
Braves: 7
Mets: 7
Phillies: 7
Red Sox: 7

Has a Rookie Ever Won the Cy Young Award?

Fernando Valenzuela is the only rookie to win the Cy Young.

As a 21-year-old for the Los Angeles Dodgers in 1981, Valenzuela won the NL Cy Young. He was led the MLB in strikeouts and won NL Rookie of the Year in leading the Dodgers to the World Series.

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About the Author

Shane Jackson

Read More @Sjacksonmgm

Shane Jackson is a Web Content Writer for BetMGM, covering MLB and NBA. After graduating from the University of Kansas, his previous stops include MLB.com, Lawrence Journal-World, Manhattan Mercury, Bet Chicago Sports, WynnBET, and Sportsbook Review.

Shane Jackson is a Web Content Writer for BetMGM, covering MLB and NBA. After graduating from the University of Kansas, his previous stops include MLB.com, Lawrence Journal-World, Manhattan Mercury, Bet Chicago Sports, WynnBET, and Sportsbook Review.